In QuotedData’s morning briefing 15 February 2022: BioPharma Credit is contributing $325m to the funding of a $650m loan to Collegium Pharamceutical. The company will use the money to support its acquisition of BioDelivery Sciences International – an existing borrower within the BioPharma Credit portfolio. Part of the loan will be funded from the repayment […]
Alternative Liquidity ready to grow again – Alternative Liquidity Fund was established to provide liquidity to investors in alternative assets following the 2008-2009 financial crisis. The portfolio has been gradually sold off since 25 February 2019 and that process has largely been completed. As at 30 June 2021, the company had returned the majority of its […]
Taylor Maritime buys final seed asset – Taylor Maritime Investments says that it has received delivery of the final seed asset that it committed to buy when it IPO’d. The new Japanese-built Handysize geared bulk vessel is now part of its trading fleet. Payment for the vessel was made 100% in cash. This delivery takes […]
In QuotedData’s morning briefing 10 February 2022: Odyssean’s (OIT) response to yesterday’s announcement by Strategic Equity Capital is that it “believes that the SEC Proposals represent a missed opportunity to create a leading and growing, premium investment trust of greater scale differentiated from the wider UK small cap sector.” There’s no indication that it intends […]
Nippon Active Value to get win from Intage offer? – Rising Sun Management, Nippon Active Value’s investment adviser, has offered to buy 100% of Japanese marketing research firm Intage Holdings for JPY1900 per share through its Japanese vehicle Hikari Acquisition KK. The offer values Intage at approximately JPY76.7bn. Paul ffolkes Davis, chairman of Rising Sun […]
Riverstone exits Pipestone Energy – Riverstone Energy has sold its entire position in Pipestone Energy Corp., a Calgary-based oil and gas exploration company publicly listed on the Toronto Stock Exchange, for CAD4.55 per share. This represents a 6.8% discount to the closing price of Pipestone Energy on 4 February 2022 and a 2.0% to the […]
Round Hill buys Alice in Chains catalogue – Round Hill Music Royalty Fund has acquired a significant majority of the rights to the American rock band, Alice In Chains. The acquisition covers the publishing, masters and neighbouring rights of the band. Catalogue Details: The acquisition comprises a significant majority of the publishing, masters and neighbouring […]
Twenty Four Income and UK Mortgages to merge – the boards of TwentyFour Income Fund and UK Mortgages have agreed the terms of a proposed merger of the two companies. The merger will be effected by way of a scheme of reconstruction of UK Mortgages, consisting of the winding-up of that fund, the transfer of […]
In QuotedData’s morning briefing 8 February 2022, the big news is a planned merger between TwentyFour Income and UK Mortgages. However, we also have: Scottish Investment Trust (SCIN) says its portfolio has now been realigned with that of JPMorgan Global Growth and Income (JGGI), ahead of the merger of the two funds. Trading in Yew […]
SDCL buys Portuguese biomass plant – SDCL Energy Efficiency (SEIT) has agreed to acquire 80% equity interest in a high-efficiency and operational biomass cogeneration plant, Sociedade de Iniciativa e Aproveitamentos Florestais – Energia, S.A, in Mangualde, Portugal for approximately €22m. SIAF generates heat and power from sustainably sourced biomass and supplies critical onsite heat to an […]
